Exchange Place

Exchange Place is a 200-foot long square and district of Downtown Jersey City, New Jersey. The neighborhood was named for the "Exchange Place" off-street ferry terminal, which was established in 1891, and its name had become official by the 1920s. In 1949, its rail lines were replaced by busses, and ferry services were discontinued that same year. During the 1960s and 1970s, the demolition of the large terminal and railroad passenger and freight yards along the waterfront opened up the land for redevelopment, and highrise office and residential buildings were built in the area. By the 1990s, it had overtaken Journal Square as Hudson County's major business district, and it was nicknamed "Wall Street West" for its concentration of financial companies.